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I find this forum very helpful and people here have great knowledge.
As some are thinking the BTL market in UK is going to be much less attractive, are you considering selling your portfolio and start investing in other countries that seems more attractive? Any specific location on your radar?
Hi Aston Interesting comments you make. In my seminars, I often get asked the same question and my answer is that the UK property market is unique and probably the best in the world for investing and trading . The reason for this is that funding is always available - even through the last property recession you could still raise funds .
There is a huge shortage of housing in the south of the country and the government are determined to increase the number of houses built the year from 230,000 to 300,000 .
To help that happen they have committed £10 billion for the help to buy scheme for first time buyers . I think that you always have to be cautious and see signs of the property market slowing down and of course recessions do happen and I have survived three over the last 40 years . In fact I have made more money coming out of a recession than at any other time.
Hi John I listened to your Video and I think you talk such a lot of sense
Your Professional and I admire that a lot
You are totally correct when the Market is in recession this is the time to buy
I have done some development overseas and I agree with you The UK is a very good market to invest in for all the reasons you have outlined
Its quite inviting to invest in a nice hot sunny place but I feel I would rather invest in the wind and the rain in dear old UK
keep up the good work
Learn Change and Adapt ?????
All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.
Hi Ashton,There are many risks associated with investing in property in the local area near to where you know and live. The risks start to amplify if you move out of your local area and invest 200 miles away. The risks amplify further if you move 400 miles away.If you move outside of your home country and its currency, legal processes, and legal redress, the risks are amplified 10 times or maybe more.I am sure there are opportunities overseas, but they need intense due diligence and trusted people on the ground in the country concerned who will look after your asset and act with integrity when managing it.Hope that helps you clarify your thoughts a bit ... ?
Vanessa Warwick Landlord and Co-Founder of PropertyTribes.com **If you have got value from Property Tribes, find out how you can support it in remaining a free to use community resource**
Thank you all for your thoughts. I am not a UK resident so am looking on the market without the advantage that you guys have as locals, and compare it to other markets that if I choose will be all foreign to me, so I ignore the currencies issues etc.